3 Tips for Second Time Buyers of Homes for Sale in Wayne, PA
Homes for sale in Wayne, PA and all over the Main Line are in high demand right now, which means that buyers have to decide what they really want in a home and be ready to move quickly when they find a home that meets their needs. This situation complicates matters for second time homebuyers, who may have a home to sell before they can close on a new home.
Preparation Tips for Second Time Homebuyers
An experienced Main Line Realtor® is a valuable asset when looking for homes for sale in Wayne, PA and other communities. Realtors® know what is happening in the market, current prices and acceptable offers, and they are up to date on what type of paperwork you will need for a successful bid. You might be able find most of this information for yourself, but with a Realtor®, you save yourself a lot of legwork, computer researching, and heartache at losing a potential dream home due to lack of preparation.
Do Your Homework
Things may have changed drastically since that first home purchase. Learn what the new procedures are, the types of financing that will work best for you and how to get preapproved. Preapproved buyers have a better chance of winning the contract in a competitive market.
Sell Your Home
If you have to sell your home to afford the new down payment, take care of that issue first. Today’s market is too competitive for sellers to be willing to wait for a contingent home sale. Even if you have to move belongings into storage or a temporary dwelling, you may find this option is your best chance to be ready to move on a home that you love, and likely you will be less stressed worrying about whether your home will sell in time and at the right price.
Be Prepared to Wait
If you can get temporary housing, you gain the advantage of time. Time will allow you to explore the available homes for sale in Wayne, PA and decide what is right for you. Maybe a home in nearby Bryn Mawr or another Main Line community offers even more of what you want for the right price. Chances are that competition will be less fierce in the late fall to winter months, and you will be free to make offers on homes that go on the market then.
Sage’s Experienced Realtors® Find the Right Homes for Sale in Wayne, PA and other Main Line Areas
As a second time home buyer, you know that home buying can be stressful because you have experienced the process first hand. A Sage Main Line Realtor® will take the guesswork out of finding the right home. We know the timeline for paperwork, lending, offers and negotiation. If you are unacquainted with all of the Main Line communities, we can offer insights about schools, walkability and local comparable sales. Best of all, your Realtor® is on your side, so the guidance you receive will always be for your best interests. For information or a consultation about homes for Sale in Wayne, Bryn Mawr, Ardmore and other Main Line Communities, contact Sage today.
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